Macy's

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Macy's reports 15% revenue growth, cautious about consumer trends

Macy's is navigating through uncertain periods, maintaining a focus on customer service and business improvement. The company used a scientific approach to guide their second quarter and full-year projections, considering one-year CAGR, two-year CAGR, and 2019 data.

Macy's reports Q2 sales decline, focuses on strategic growth initiatives

Macy's Q2 performance saw declines in net sales but emphasized strategic initiatives for revenue growth and agility in inventory management. Challenges in achieving profitability were acknowledged, but opportunities in cost savings and small-format stores were highlighted.

Macy's reports Q3 decline, highlights strengths and growth opportunities

Macy's Q3 2023 earnings call revealed a decline in net sales, with notable strengths in specific categories and a focus on growth opportunities through strategic initiatives. The company also addressed challenges and provided insights into its future outlook and leadership transition.

Macy's reports solid Q4 earnings, focuses on growth strategies

Macy's navigated challenges in Q3 and Q4, learning from gifting success and focusing on long-term growth drivers.
Strategic investments in private brands, off-mall stores, and marketplace expansion position Macy's for future success.
Despite macro pressures and consumer dynamics, Macy's remains committed to sustainable growth through margin expansion.
Digital capabilities and personalized pricing initiatives are key focus areas for Macy's to drive growth and enhance customer experience.

Macy's Q1 2024: Sales Challenges Amid Resilience and Growth Focus

Macy's Q1 2024 faced challenges from macro headwinds and consumer behavior shifts, impacting sales but showing resilience in certain categories.
Efforts to manage inventory, improve margins, and focus on growth vectors like private brands and omnichannel experiences are key strengths.
Opportunities in promotions, merchandise margins, and attracting younger customers through digital strategies are on the horizon.
Despite challenges, Macy's remains cautiously optimistic, prepared for market uncertainties, and focused on strategic growth initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Macy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland H. Macy in 1858 and is headquartered in New York, NY.

Kohl's

Without radical action the collapse of the unremarkable middle will continue. A timid transformation will not save Macy's and Kohl's from a slow slide into oblivion.

Macy's And Kohl's Keep Running To Stand Still

Net sales and profit fell in the quarter ended April 29 as demand slowed for apparel and accessories.

Macy's Cuts Full-Year Sales, Profit Outlook

Costco

Macy's, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.

Macy's and Costco sound a warning about the economy

Macy's lowered its full-year earnings and revenue guidance.

Macy's Lowers Guidance As Consumers Feel Pinched. The Stock Falls.

Macy's Inc.'s stock M slid 9% in premarket trade Thursday, after the department store chain posted weaker-than-expected fiscal first-quarter sales and cut its full-year guidance to reflect a challenged consumer. The New York-based company posted net income of $155 million, or 56 cents a share, for the quarter to April 29, down from $286 million, or 98 cents a share, in the year-earlier period.

Macy's stock slides 9% amid sales miss and lowered guidance as consumer remains challenged

Macy's shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March.

Macy's slashes its full-year outlook even as earnings beat

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Reports First Quarter 2023 Results.

Macy's, Inc. Reports First Quarter 2023 Results

Macy's Inc  (NYSE:M) will join its  retail sector peers in the earnings confessional later this week, with its first-quarter earnings report due before the open on Thursday, June 1.

Macy's Stock Hits 2-Year Low Before Earnings

Bilibili

Dollar General

In mid-morning trading on Tuesday, the Dow Jones industrials were down 0.36%, the S&P 500 up 0.17% and the Nasdaq up 0.68%.

Earnings Previews: Bilibili, Dollar General, Macy's

Macy's is likely to outperform many of its retail peers this year due to its tight inventory management and exposure to higher-income consumers. By dramatically reducing its debt since 2016, Macy's has virtually eliminated the risk that a recession would put it into financial distress.

Down Over 60% From 2021 Highs, This Stock Can Soar Despite Recession Fears

Macy's (M) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Macy's (M)

Carvana

loanDepot

F45 Training Holdings

Hut 8 Mining Corp

Electrameccanica

Zillow

As of the latest news at the time of writing, CNN reported that debt-ceiling negotiations broke down, which means that investors should at least consider stocks to sell before recession strikes. Sure, it's possible that Democrats and Republicans can come together to prevent catastrophe.

7 Stocks to Sell Now Before the Consumer Debt Bomb Explodes

The recent trends in Macy's financial performance have attracted a wave of sell ratings, downgrades, and overall investor pessimism. Macy's competitors do not seem to be better positioned to navigate potential 2023 headwinds. Yet, they trade at more than double the forward P/E of Macy's.

Macy's: Positioned To Outperform Peers With Compelling Margin Of Safety

Gap Inc

Lululemon Athletica

NIKE

Dick's Sporting Goods

Walmart

Retail stocks haven't been lighting the world on fire lately. The SPDR S&P Retail Exchange-Traded Fund (NYSEARCA: XRT ) that tracks the sector is flat on the year (down 0.30% since January).

Surprise! These 7 Retail Stocks Are Ready for Their Comeback.

Macy's (M) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Macy's (M) Could Beat Earnings Estimates Again

American Eagle Outfitters

Home Depot

Skechers U.S.A.

Target

Under Armour

Urban Outfitters

Victoria's Secret & Co

Affordability is the primary thing consumers are considering before buying something and it could lead retailers to use discounts to woo customers.

These retailers are most at risk for a margin squeeze this earnings season thanks to cautious consumers, heavy promotions

Macy's announced the 2023 class of The Workshop – the retail industry's longest running accelerator program dedicated to driving growth and providing opportunity to diverse and women-owned businesses.

Macy's Workshop Accelerator Program Brings New Brands And Products To Stores

Macy's says having off-price and full-price shopping in the same location gives it an edge with today's consumers.

Macy's Adds 10 Backstage Locations As Off-Price Sector Takes Off

Laser Photonics Corp

ORLANDO, FL / ACCESSWIRE / May 10, 2023 / Laser Photonics Corporation (NASDAQ:LASE), ("LPC"), a leading global developer of CleanTech laser systems for laser cleaning and other material applications, today announced results for its first quarter ended March 31, 2023. Wayne Tupuola, chief executive officer of Laser Photonics, commented: "Our first quarter was largely in line with our expectations, with revenue down slightly, strong gross margins and GAAP operating losses due to investments for future growth and non-cash and one-time expenses.

Laser Photonics Announces First Quarter 2023 Results

Evolution Petroleum

HOUSTON, TX / ACCESSWIRE / May 9, 2023 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal third quarter ended March 31, 2023 ("Fiscal Q3"). Evolution also declared a quarterly cash dividend of $0.12 per common share for the fiscal 2023 fourth quarter.

Evolution Petroleum Reports Fiscal Third Quarter 2023 Results and Declares Quarterly Cash Dividend for the Fiscal 2023 Fourth Quarter

Macy's has been under significant pressure due to weakened consumer sentiment that has ravaged retail spends, in particular, department stores. Given the current rout in stock prices, we believe there is a favorable risk-reward to buy.

Macy's: At An Inflection Point, Initiate At Buy

NEW YORK--(BUSINESS WIRE)--Macy's, Inc. to Report First Quarter 2023 Results on June 1, 2023.

Macy's, Inc. to Report First Quarter 2023 Results on June 1, 2023

Macy's push into smaller and off-mall stores is its answer to investors who see department stores as dull and irrelevant.

Macy's opens more strip mall stores as expansion strategy faces pivotal test

Best Buy

Chipotle

Rivian Automotive

Brunswick

Denny's

El Pollo Loco

Recently released macroeconomic data shows that consumer spending is strong and is likely to continue to be powerful. First, consumer spending surged 3.7% year over year in the first quarter.

7 Consumer Stocks With Huge Return Potential for Long-Term Investors

Macy's (M) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

News for Macy's Stock (M)